Business

Housing transactions to see strongest growth in Q4

Vietnam’s real estate market in the final quarter of 2018 is likely to see the strongest growth of the year in housing transactions, even higher than that of the same period last year, according to Nguyen Van Dinh, Vice President of the Vietnam Association of Realtors (VARs).
Housing transactions to see strongest growth in Q4 ảnh 1Housing transactions are expected to see the strongest growth in 2018 this fourth quarter (Photo: VNA)

Hanoi (VNA) – Vietnam’s real estate market in the final quarter of 2018 islikely to see the strongest growth of the year in housing transactions, evenhigher than that of the same period last year, according to Nguyen Van Dinh, VicePresident of the Vietnam Association of Realtors (VARs).

Binh gave the forecastat a VARs event in Hanoi on October 11 to announce its report on the domesticproperty market in the third quarter.

He said the nationwidemarket is anticipating the upcoming launches of various new projects fromOctober to December, and that unit prices will only pick up 0.5-1 percent fromthe previous quarter, which is not significant.

In the final quarter,the market will welcome launches of a wide range of products while the economyis predicted to remain stable and experience strong growth with positiveoutlook on housing demand and investment. At the same time, foreign directinvestment (FDI) will continue pouring into Vietnam, especially as a wave ofFDI will be redirected from investments in China due to great concerns over theUS-China trade tension, according to VARs.

This quarter is alsothe period in which Vietnam usually receives the highest level of remittance inthe year, with real estate also often viewed as the best investment channelcompared to stocks, gold, and foreign currencies.

In the third quarterof 2018, over 200,000 new units were launched in the country’s two economichubs, Hanoi and Ho Chi Minh City, with prices staying flat from the secondquarter. About 13,000 units were sold, accounting for 63.5 percent of the totalsupply.

In Hanoi, middle-rangeapartments made up 54 percent of the total transactions. Meanwhile in Ho ChiMinh, high-end units dominated with 40.5 percent, followed by the middle-rangesegment with 36.5 percent.

However, resortproperties witnessed drops in supply and successful transactions in theprevious quarter. The VARs recommended developers to halt developing new resortprojects to avoid oversupply. –VNA 
VNA
#Vietnam’s real estate market #housing transactions #Vietnam Association of Realtors #housing demand in Vietnam #FDI in Vietnam's property market #middle-range apartments in Hanoi #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Real estate sees rise in M&A deals

Real estate sees rise in M&A deals

Since the Investment Law took effect in July 2015, Vietnam’s FDI inflows, and the real estate sector in particular, have significantly increased in terms of merger and acquisition (M&A) activities.

See more

Farmers harvest rice in Lam Dong province. (Photo: VNA)

Vietnamese rice attracts Japanese consumers

Takashi Takanashi, head of the Spice House Co., a company based in Sagamihara, Kanagawa Prefecture, specialising in wholesale imported food for restaurants and retailers, said his company is receiving increasing requests for Vietnamese rice, he said.

A shopper buys goods online (Photo: VNA)

Tax revenue from e-commerce surges

According to the department, 130 foreign suppliers, including Google and Facebook, have registered, declared, and paid taxes through the electronic tax portal for foreign providers, contributing a total of 2.91 trillion VND (114 million USD).

Illustrative photo (Photo: VNA)

Vietnam’s coffee exports reach 1.72 billion USD in first two months

Nguyen Duc Dung, Deputy General Director of the Mercantile Exchange of Vietnam (MXV), noted that coffee prices in the global market rose sharply. As a result, Vietnam's coffee export value increased by over 37% during this period, though its export volume decreased by 22%.

Workers process shrimp products for export at a factory of Sao Ta Food Joint Stock Company in Soc Trang province. (Photo: VNA)

Vietnam becomes Brazil’s 2nd largest aquatic product supplier

According to the Department of Customs under the Ministry of Finance, Vietnam’s aquatic product exports reached $655 million in February, marking a 44.5% year-on-year increase. This brought the total for the first two months of 2025 to $1.42 billion, up 19% compared to the same period in 2024.

Credit growth will continue to be the key target in Vietnam’s new development policy, (Photo vnbusiness.vn)

HCM City bank lending growth down in 2025

According to deputy director of the State Bank of Vietnam’s HCM City office Nguyen Duc Lenh, outstanding credit as of February was 3.936 trillion, down 0.17% from December 2024 but 12.2% up year-on-year.

Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.